Insurance increase for GT350

[Bossing]

My current 4 cars.... $301/mo. The Z06 went up a little this year and I bet the 350 sooner or later. Porsche has highest premium for Comp & Coll. Not surprised.

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[raiderjatt02]

Mine is about $2100/year ($175/mo) for the Shelby and Saleen. The Z is on "non-op" right now. 28 years old and 0 points on my record.

 

[Stage_3]

My quotes were $821 per year for stated value from Grundy, no deductible, no mileage limitation.
Regular carrier is West Bend Insurance - $1,454 per year. $500 Comp, $1,000 collision deductible. Then you have normal wear & tear depreciation from there.
I will go with Grundy. Don't drive it 5 months out of the year anyway.

Exactly!!
This is what I did with my '13 Roush Stage 3. Valued the car at 47k, and I paid 435 for the year. I saved 800 bucks a year as opposed to going with Liberty Mutual, whom I have coverage with on my daily driver.
I don't drive my car during those winter months as well. The only downfall with Grundy is, you can't use to car to drive to work or take the car out to dinner. Which is really no problem for me, I don't do either. I take the truck.

 

[IA350]

Exactly!!
This is what I did with my '13 Roush Stage 3. Valued the car at 47k, and I paid 435 for the year. I saved 800 bucks a year as opposed to going with Liberty Mutual, whom I have coverage with on my daily driver.
I don't drive my car during those winter months as well. The only downfall with Grundy is, you can't use to car to drive to work or take the car out to dinner. Which is really no problem for me, I don't do either. I take the truck.

Right, it can't be the grocery getter. If I took it to go out to dinner I'd have to sit at a window where I could see it all the time anyway and couldn't enjoy my meal, Lol.

 

[Pnasty]

My current 4 cars.... $301/mo. The Z06 went up a little this year and I bet the 350 sooner or later. Porsche has highest premium for Comp & Coll. Not surprised.

I need to do whatever you do for a living

 

[Voodooo]

You guys might want to call Hagerty insurance. I live in Michigan "no fault" and my auto owners insurance was $2700 a year. Hagerty is $1495 a year and it's better coverage. My insurance cost me $8500 a year for a 2012 f150 fx2, 2013 fusion, 2013 transit connect and my Shelby gt350. But I just saved 1200 switching to Hagerty and I also have a 1956 f100 I pay $200. Year at Hagerty

 

[Old Car Guy]

damn, I wish I had a better driving record/longer driving experience. 24 y/o with 1 point ~$4300/yr for the Shelby and my F150

:doh: :eyebulge:

 

[ohtobbad]

I need to do whatever you do for a living

Rumor has it, he's a Gigolo :lol:

 

[Stage_3]

You guys might want to call Hagerty insurance. I live in Michigan "no fault" and my auto owners insurance was $2700 a year. Hagerty is $1495 a year and it's better coverage. My insurance cost me $8500 a year for a 2012 f150 fx2, 2013 fusion, 2013 transit connect and my Shelby gt350. But I just saved 1200 switching to Hagerty and I also have a 1956 f100 I pay $200. Year at Hagerty

I do remember emailing them and inquiring about an insurance quote. They didn't do business with my state in MA.

 

[Voodooo]

I do remember emailing them and inquiring about an insurance quote. They didn't do business with my state in MA.

That's odd. I assumed they did nation wide coverage. Have you called them or just Emailed them. They consider our cars modern classics.

 

[Readfast]

Very interesting, I called Hagerty last fall to get insurance on 16 GT350. I was told then that they would only insure a 15 GT350. I also ended up with Grundy for $801 a year. I have a clean record and in my mid 40's.

 

[Bossing]

Rumor has it, he's a Gigolo :lol:

I'm actually in Las Vegas right now so what happens here.... nuff said.

 

[bretlasalle]

damn, I wish I had a better driving record/longer driving experience. 24 y/o with 1 point ~$4300/yr for the Shelby and my F150

Damn man - I'm 28, no tickets/points and I pay $2400 a year for the following cars:

2013 Boss 302
2016 GT350
2015 Explorer Sport
2015 Lincoln MKZ Black Label
2016 Ford Fusion Energi
2016 Ford Focus Titanium Hatch

 

[Steeeliskt]

damn, I wish I had a better driving record/longer driving experience. 24 y/o with 1 point ~$4300/yr for the Shelby and my F150

I sell insurance in CA and I am 99% sure you are over paying for this. As long as you really only have the one point, you should still be considered a CA good driver unless you just got your license within the last few years.

If you got your license at 16, or even 18, the rate shouldn't be that bad. Unless you have it tied with an umbrella policy for a few million extra in coverage, then that sounds reasonable.

Do yourself a favor and call some brokers local to you and have them shop your policy. Not the State Farm or Farmers guys but an actual independent insurance broker who works with 20+ carriers.

 

[Shift]

If none of you guys have heard of Metro Mile, I think you guys should at least look at them. I'm getting quoted $2500/yr for a beater and incoming GT350 with my current insurer, Amica.

Metro Mile is quoting me a base cost of $65/mo + 7.7cents a mile on the Shelby, and just 2cents on the beater. Estimated yearly cost with our usage is $1200 for the same coverage.

Helped my Dad get Metromile a couple months back, and he's saved about $500 when he switched from Farmers.

The company is geared towards people who don't put a lot of miles on their car annually. <10k miles.

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